CIBC named most accurate forecaster of Canadian and U.S. economies

CIBC named most accurate forecaster of Canadian and U.S. economies
TORONTO, Dec. 12, 2012 /CNW/ - Bloomberg Markets has named CIBC's Chief
Economist Avery Shenfeld as the top forecaster of the Canadian economy over
the last two years.
No other bank economist ranked among Bloomberg's Top 3 forecasters of the
Canadian economy for the two-year period ended on Sept. 30.
Meanwhile, MarketWatch has selected CIBC as the most accurate forecaster on
U.S. economic indicators for the month of November. CIBC also won the
monthly award in August.
"These awards illustrate the strength and depth our economics team and why
they are among the most sought-after experts by our clients," says Richard
Nesbitt, Senior Executive Vice-President, CIBC. "We applaud Avery Shenfeld
and CIBC Economists Emanuella Enenajor and Andrew Grantham who contribute to
the Canadian and U.S. forecasts that are the subject of these awards. Also
making key contributions to our team's top notch economics coverage are Deputy
Chief Economist Benjamin Tal and Senior Economists Peter Buchanan and Warren
Lovely."
CIBC's wholesale banking business provides a range of integrated credit and
capital markets products, investment banking, and merchant banking to clients
in key financial markets in North America and around the world. We provide
innovative capital solutions and advisory expertise across a wide range of
industries as well as top-ranked research for our corporate, government and
institutional clients.
Tom Wallis, Communications and Public Affairs at
416-980-4048,tom.wallis@cibc.ca
SOURCE: CIBC World Markets
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CO: Canadian Imperial Bank of Commerce
ST: Ontario
NI: FIN ENT ECO
-0- Dec/12/2012 18:59 GMT